Bridging the second economy

SOURCE: Wealth doesn't trickle down: the case for a developmental state in South Africa
OUTPUT TYPE: Chapter in Monograph
PUBLICATION YEAR: 2008
TITLE AUTHOR(S): O.Shisana
SOURCE EDITOR(S): B.Turok
KEYWORDS: DEVELOPMENT, POST APARTHEID SOUTH AFRICA, POVERTY, UNEMPLOYMENT
DEPARTMENT: Human and Social Capabilities (HSC)
Print: HSRC Library: shelf number 5402
HANDLE: 20.500.11910/5284

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Abstract

There are two societies in South Africa, one similar to those found in very highly developed economies, and the other similar to underdeveloped countries. This two-tiered economy poses challenges when planning development. Can those living in the underdeveloped part of South Africa be integrates into the highly developed part of the economy? To answer this question it is important to clarify how the South African economy is conceptualized and understand what strategies have been used so far to bridge the gap between these two societies.